Total metals & mining industry M&A deals in Q3 2019 worth $6.98bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 48.2% over the previous quarter and a drop of 64.6% when compared with the last four-quarter average, which stood at $19.91bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $3.27bn. At the country level, China topped the list in terms of deal value at $2.48bn.
In terms of volumes, North America emerged as the top region for metals & mining industry M&A deals globally, followed by Asia-Pacific and then Europe.
The top country in terms of M&A deals activity in Q3 2019 was Canada with 82 deals, followed by Australia with 62 and the US with 38.
In 2019, as of the end of Q3 2019, metals & mining M&A deals worth $36.46bn were announced globally, marking a decrease of 55.1% year on year.
Metals & mining industry M&A deals in Q3 2019: Top deals
The top five metals & mining industry M&A deals accounted for 40.04% of the overall value during Q3 2019.
The combined value of the top five metals & mining M&A deals stood at $2.79bn, against the overall value of $6.98bn recorded for the month.
The top five metals & mining industry deals of Q3 2019 tracked by GlobalData were:
1) Liberty House Group’s $841.11m asset transaction with ArcelorMittal
2) The $658.99m acquisition of Maanshan Iron & SteelLimited by Baosteel Hong Kong InvestmentLimited
3) Beijing Haohua Energy Resource’s $442.81m acquisition of Ningxia Hongdunzi Coal Industry
4) The $428m acquisition of Acacia Mining by Barrick Gold
5) Al Ezz Dekheila Steel’s acquisition of Al Ezz Flat Steel for $423.78m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.
Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.